Mortgage applications increased as key interest rates fell to a three-month low, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending September 30.
Mortgage Bankers Association of the Carolinas Postpones Annual Convention Due to Hurricane Matthew
HousingWire, Oct. 4, 2016--Lane, Ben
MBAC 61st Annual Convention and Trade Show was set to begin Tuesday, with continuing education events scheduled to begin Oct. 4 and other convention events set to begin Wednesday morning.
Court Orders U.S. to Release Documents on Mortgage Giants
New York Times, Oct. 4, 2016--Morgenson, Gretchen
Federal judge said goverment improperly withheld documents from investors who sued goverment over decision to seize profits of Fannie Mae, Freddie Mac.
BofA to Terminate Mortgage Origination Arrangement with PHH
Philadephia Business Journal, Oct. 4, 2016--Blumenthal, Jeff
PHH said Bank of America sent written notice on Sept. 27 that it would be exercising its right to terminate, without cause, the agreement between PHH and Merrill Lynch, effective March 31.
Appraisal Volume Trudges Through September
HousingWire, Oct. 4, 2016--Swanson, Brena
National Appraisal Volume Index from a la mode showed only one week of increases during September.
Harlem Clergy Enter Mortgage-Reform Fray, Saying 'Our Loans Matter'
Politico, Oct. 4, 2016--Woellert, Lorraine
Dozens of New York Baptist ministers have joined the fray over Fannie Mae and Freddie Mac, saying efforts to privatize the mortgage giants could deliver a financial blow to communities of color in a time of growing wealth inequality.
Fed Study: Minority Mortgage Applicants Held Back by Lower Credit Scores
Wall Street Journal, Oct. 4, 2016--Androitis, Annamaria
A decline in lending to minorities over the last decade is largely due to their lower credit scores, a new Federal Reserve report said.
Mid-Level Managers Appointed at Mortgage Firms
Mortgage Daily, Oct. 5, 2016--Garcia, Sam
Recent mortgage-related executive activity.
Sharp Drop in Annual Mortgage Refinances Predicted
Mortgage Daily, Oct. 4, 2016
iEmergent says total 2016 originations expected to be $1.8 trillion.
Manhattan Apartment Sales Plunge 20%
Bloomberg, Oct. 4, 2016--Carmiel, Oshrat
There are a lot more apartments available for purchase these days in Manhattan. And fewer people are buying.
Old CMBS Bubble Is Resurfacing
National Mortgage News, Oct. 4, 2016--Fest, Glen; Bisby, Allison
More than $100 billion in securitized commercial mortgages come due soon, many of them still underwater.
Small Banks Shrinking Away From Commercial Real Estate
The Real Deal (New York), Oct. 4, 2016--Brenzel, Kathryn
Small banks are retreating from financing commercial real estate as federal regulators ramp up scrutiny of such lending.
Equifax's New Credit Program Will Take a Deeper Look at Your Payment History
Marketplace.org, Oct. 4, 2016--Brancaccio, David
Equifax launched an updated credit score program that focuses on "trending data" to render a more accurate picture of an individual's reliability as a borrower.
U.S. Housing Market Recap: August Sales Cool but Trend Still Positive
GoRion, Oct. 4, 2016--Bourgi, Sam
Home sales cooled at the end of summer but the underlying trend remained solid as builder confidence reached 11-month highs.
Fed's Lacker Wants Central Bank to be 'Preemptive' Like 1994
MarketWatch, Oct. 4, 2016--Robb, Greg
The Federal Reserve should adopt a strategy of raising interest rates before inflation moves higher like it did in 1994, Richmond Fed President Jeffrey Lacker said Tuesday.
U.S. Retail Group Expects Pickup in Holiday Sales
Reuters, Oct. 4, 2016--Bose, Natalie
Consumers, bolstered by job growth and disposable income, likely to loosen purse strings this fall, National Retail Federation said.
MBANow Videos Tout Importance of Industry Activism
'The Most Basic, Most Powerful Tool We Have'
CoreLogic: Home Prices Could Hit Peak Level By 2017
August Home Prices Up 6.2%
News from Freddie Mac, ARMCO, NTC, Urban Institute, First American, Credit Plus, LendingQB, ClosingCorp, DocMagic, MetaSource
HUD Launches Utility Benchmarking To Increase Energy, Water Efficiency
First Outlined in Administration's Climate Action Plan
Music Legend James Taylor Highlights Concert MBA at Annual Convention & Expo
Convention & Expo Returns to Boston Oct. 23-26
MBA Education Recent Updates to the CFPB Servicing Rules Webinar Oct. 7
Complimentary Access for MBA Members
MBA Education Introduction to Mortgage Banking Nov. 1-15
Course Dates: November 1, 3, 8, 10, 15
Applications for MBA Education Residential Future Leaders Program Now Open
Application Deadline Jan. 13